v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue
Operating expenses:    
Sales and marketing 1,387 385
General and administrative 3,375 2,240
Research and development 3,315 2,628
Total operating expenses 8,077 5,253
Loss from operations (8,077) (5,253)
Other income (expense):    
Interest expense (52)
Change in fair value - Senior Secured Convertible Notes and Senior Convertible Note 1,682 (8,008)
Offering costs - Senior Secured Convertible Note and Senior Convertible Note (410)
Debt extinguishments loss - Senior Secured Convertible Notes (3,715) (1,188)
Other income (expense), net (2,033) (9,658)
Loss before provision for income tax (10,110) (14,911)
Provision for income taxes
Net loss before noncontrolling interests (10,110) (14,911)
Net loss attributable to the noncontrolling interests 679 436
Net loss attributable to PAVmed Inc. (9,431) (14,475)
Less: Series B Convertible Preferred Stock dividends earned (75) (70)
Net loss attributable to PAVmed Inc. common stockholders $ (9,506) $ (14,545)
Per share information:    
Net loss per share attributable to PAVmed Inc. - basic and diluted $ (0.13) $ (0.33)
Net loss per share attributable to PAVmed Inc. common stockholders - basic and diluted $ (0.13) $ (0.33)
Weighted average common shares outstanding, basic and diluted [1] 73,954,126 43,499,714
[1] Basic weighted-average number of shares of common stock outstanding for the three months ended March 31, 2021 and 2020 include the shares of the Company issued and outstanding during such periods, each on a weighted average basis. The basic weighted average number of shares outstanding excludes common stock equivalent incremental shares, while diluted weighted average number of shares outstanding includes such incremental shares. However, as the Company was in a loss position for all periods presented, basic and diluted weighted average shares outstanding are the same, as the inclusion of the incremental shares would be anti-dilutive.

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